Lecap Asset Management Ltd. Purchases Shares of 8,288 Regency Centers Corporation (NASDAQ:REG)

Lecap Asset Management Ltd. acquired a new stake in Regency Centers Corporation (NASDAQ:REG - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 8,288 shares of the company's stock, valued at approximately $611,000.

Other institutional investors have also made changes to their positions in the company. Heck Capital Advisors LLC bought a new stake in shares of Regency Centers during the 4th quarter worth approximately $26,000. National Pension Service bought a new stake in Regency Centers in the 4th quarter valued at $27,000. TD Waterhouse Canada Inc. boosted its position in Regency Centers by 48,700.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock worth $36,000 after purchasing an additional 487 shares during the period. Sentry Investment Management LLC bought a new position in shares of Regency Centers in the first quarter valued at about $38,000. Finally, Canada Post Corp Registered Pension Plan bought a new stake in shares of Regency Centers during the 4th quarter worth about $39,000. Institutional investors own 96.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Scotiabank lowered their price target on shares of Regency Centers from $76.00 to $75.00 and set a "sector perform" rating on the stock in a report on Monday, May 12th. Truist Financial raised their price objective on Regency Centers from $78.00 to $79.00 and gave the company a "buy" rating in a report on Monday, May 19th. Wall Street Zen raised Regency Centers from a "sell" rating to a "hold" rating in a report on Friday. Finally, Wells Fargo & Company dropped their target price on Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $78.08.

Insiders Place Their Bets

In other news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $72.44, for a total value of $301,205.52. Following the transaction, the insider directly owned 33,069 shares of the company's stock, valued at $2,395,518.36. The trade was a 11.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.00% of the company's stock.

Regency Centers Trading Up 1.0%

Shares of REG traded up $0.69 during mid-day trading on Monday, reaching $71.23. 1,526,737 shares of the company were exchanged, compared to its average volume of 1,057,649. The business has a 50 day simple moving average of $71.78 and a two-hundred day simple moving average of $72.19. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $12.93 billion, a PE ratio of 33.60, a PEG ratio of 3.44 and a beta of 1.02. Regency Centers Corporation has a 52 week low of $61.34 and a 52 week high of $78.18.

Regency Centers (NASDAQ:REG - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $1.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.01. The business had revenue of $370.35 million during the quarter, compared to the consensus estimate of $364.64 million. Regency Centers had a net margin of 27.21% and a return on equity of 5.98%. During the same quarter in the prior year, the firm posted $1.08 EPS. On average, analysts predict that Regency Centers Corporation will post 4.54 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 11th will be given a dividend of $0.705 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $2.82 dividend on an annualized basis and a yield of 3.96%. Regency Centers's dividend payout ratio (DPR) is currently 133.02%.

About Regency Centers

Regency Centers is a preeminent national owner, operator, and developer of shopping centers located in suburban trade areas with compelling demographics. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers.